IOWA RADIO READING INFORMATION SERVICE FOR THE BLIND (EIN 421298155) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

MARY FRANCES EVANS

Phone

5152436833

Tax Period

2023-01-01 to 2023-12-31

IOWA RADIO READING INFORMATION SERVICE FOR THE BLIND, founded in 1989, is a small nonprofit in the Diseases & Disorders sector that reported $110K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $178K exceeded revenue, resulting in a 63% operating deficit.

Mission

IRIS READS PRINT PUBLICATIONS ALOUD FOR OVER 11,000 IOWANS WHO CANNOT ACCESS PRINTED WORD BECAUSE OF BLINDNESS, VISUAL OR PHYSICAL IMPAIRMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $112,893

Program Service Revenue $0

Investment Income $7,069

Other Revenue $-10,413

TOTAL REVENUE $109,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,036

Fundraising Expenses $29,578

Program Expenses $107,665

Other Expenses $50,231

TOTAL EXPENSES $178,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,549	$220,130	-0.5%
Expenses	$178,267	$189,299	-0.1%
Net Income	$-68,718	$30,831	-3.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

417

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$64,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB GAVORA	CHAIR	1.00	Officer Director	$0	$0	$0
CAROLYN JENISON	VICE-CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
BRITNEY APPELGATE	SECRETARY	1.00	Officer Director	$0	$0	$0
KARRIE CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
LIZ COONEY	DIRECTOR	1.00	Director	$0	$0	$0
JOE SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
AMY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DR CORTNEY FOX	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRANCES EVANS	EXECUTIVE DIRECTOR	40.00	Officer	$56,453	$7,561	$64,014

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$109,549	$178,267	$204,741	$-68,718
2022	$220,130	$189,299	$273,154	$30,831
2021	$107,676	$157,140	$243,047	$-49,464
2020	$150,646	$157,602	$293,264	$-6,956
2019	$143,622	$168,000	$301,790	$-24,378
2018	$137,935	$174,018	$312,991	$-36,083

IOWA RADIO READING INFORMATION SERVICE FOR THE BLIND